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Peso-dollar exchange rate - August 19, 2021 RAPPLER.COM
Most active stocks and PSEi closing - August 19, 2021 RAPPLER.COM
Bangko Sentral to accept digital bank applicants only until August 31
The Bangko Sentral ng Pilipinas (BSP) Monetary Board will accept applications from new digital banks only until August 31.
The BSP said the move to close the application window starting September 1 would help maintain "a stable and competitive environment for banks."
Read more. RALF RIVAS
Philippines lowers 2021 economic growth target over fresh lockdowns, Delta
The Philippines lowered its growth target for 2021 after the emergence of the COVID-19 Delta variant forced key cities to undergo another round of strict lockdowns.
Here is the projection of the Development Budget Coordination Committee. RALF RIVAS
Dito-Udenna share-swap deal gets SEC division nod
Dito CME Holdings Corporation said in a regulatory filing on Wednesday, August 18, that its share-swap application was given pre-clearance by the Financial Analysis and Audit Division of the Securities and Exchange Commission (SEC).
The deal will still have to be approved by the SEC and the Philippine Stock Exchange.
In November 2020, Dito CME entered into a share-swap deal with Udenna Corporation to become the controlling shareholder of Dito Telecommunity. Dito CME will acquire 100% of Udenna Communications Media and Entertainment from Udenna Corporation. UCME is the holding company which has indirect interest in Dito Telecommunity.
Dito CME closed 2.68% higher to P7.65 apiece on Wednesday. AIKA REY
Peso-dollar exchange rate - August 18, 2021 RAPPLER.COM
Most active stocks and PSEi closing - August 18, 2021 RAPPLER.COM
Emperador seeks secondary listing on Singapore stock exchange
Andrew Tan's Emperador is seeking a secondary listing by way of introduction on the main board of the Singapore Exchange (SGX).
Emperador will maintain its primary listing on the Philippine Stock Exchange (PSE), while concurrently being listed on the SGX.
"We are very excited at the prospect of becoming the first ever PSE-primary listed company to conduct a secondary listing in the SGX and are optimistic that our secondary listing will serve as a catalyst to enhance the strategic collaboration between the PSE and the SGX," Tan said. RALF RIVAS
Manny Villar's AllDay files for P6-billion IPO
Manny Villar's grocery chain AllDay Marts is seeking P6 billion for its planned initial public offering (IPO), the Securities and Exchange Commission (SEC) said on Wednesday, August 18.
In its prospectus submitted to the SEC, AllDay said it will be offering up to 6.8 billion common shares at a price of up to P0.80 apiece, with an overallotment option of up to 685 million shares.
Read more. RALF RIVAS
NGCP owner Synergy Grid to raise P28 billion in public offering
Synergy Grid & Development Phils., which indirectly owns a majority stake in the National Grid Corporation of the Philippines (NGCP), is aiming to raise P28.86 billion from a follow-on offering.
According to its preliminary prospectus, Synergy Grid is aiming to offer 1.053 billion common shares at an offer price of P15 to P25 apiece, with an overallotment option of up to 101 million common shares.
Aug 17, 2021
Published by Malaya
Cirtek Holdings Philippines Corp. said it has successfully raised P1.37 billion in funding through a stock rights offer (SRO) where existing shareholders subscribed to 249.44 million shares at P5.50 per share.
The SRO entitled a shareholder to buy one share from the pool of shares made available for every 1.68 Cirtek shares it owns. The company also included in the share sale one detachable warrant for each shares bought, which its holder can use to buy additional Cirtek shares at a price of P5.50, starting on the 12th month after the stock rights offer and until the 36th m...
Read moreJul 05, 2021
CIRTEK Holdings Philippines Corp. received the approval of The Philippine Stock Exchange, Inc. (PSE) for its stock rights offering with bonus detachable warrants.
The company said in regulatory filing on Wednesday that shareholders eligible to participate in the stock rights offering should pass the requisite documents and participate during the offer period scheduled on July 12 to July 22.
Listing for both the rights shares and the bonus detachable warrants are tentatively scheduled for Aug. 16, while the ex-rights date and record date will be on July 2 and July 7, respectively...
Read moreAug 18, 2020
There are a few selected stocks that have managed to outperform the PSE Index.
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